Colon LNG Marketing (a subsidiary of AES Colón) and Tropigas Natural, S.A. (part of the Tropigas group) signed the first contract to supply Liquefied Natural Gas (LNG) through the modality of loading by tanker truck for the markets of Panama and Costa Rica.
AES Panama announced that during 2020 it will invest in the construction of four photovoltaic parks, which will have an installed capacity of 10 MW each.
The development of the parks that will be located in the provinces of Herrera, Los Santos and Chiriqui, will be in charge of Elecnor S.A., the company to which AES Panama awarded the construction contracts.
Two decades after selling 49% of the shares of the Bayano hydroelectric dam to AES, the Panamanian government is preparing to begin negotiations to buy the shares held by AES.
The authorization for the government to begin negotiations was completed through Cabinet Council Resolution No.
Metro de Panamá awarded AES Panama, S.A. the contract to supply energy and meters, in the form of a Large Passive Customer of the Wholesale Electricity Market, for a 60-month period.
The companies that submitted their bids in the tender were AES Panamá, S.A. with a proposal of 0.06 per kilowatt-hour, Enel Fortuna S.A. with 0.06 per kilowatt-hour, Tecnisol II, S.A. with 0.07 per kilowatt-hour and Bahía Las Minas Corp. with 0.08 per kilowatt-hour.
In Panama, discussion continues over a bill that would modify regulation of the electricity sector, including, among the most controversial changes, setting limits on concessions granted to companies.
For months, the Trade and Economic Affairs Commission in the Assembly of Panama has been discussing Bill 573, which modifies the regulatory framework for the provision of electricity services.
After requesting an extension to postpone the date of entry into operations, authorities at AES Panama confirmed that the plant will begin operations on September 1.
Construction of the plant started in May 2016 and will have three generators, three gas turbines and one steam turbine, reaching a total installed capacity of 381 MW.
AES Panama may be interested in taking on the hydroelectric construction project, which until January of this year was granted in concession to Odebrecht.
While the government is evaluating the way forward for the project, which remained unfinished after the concession to OdebrechtEnergy Luxembourg was withdrawn in January, AES Panama, which currently operates five hydroelectric stations in the country, may have shown interest in assuming responsibility for the project."...In fact, AES Changuinola is currently in charge "... of the operation and administration of the Changuinola I hydroelectric plant in Bocas del Toro."
The private sector warns about the market concentration that the Corporation AES could have if it wins the tender for 350 MW, where it presented the lowest bid.
In a letter sent by the Chamber of Commerce, Industries and Agriculture to Energy Secretary Victor Urrutia, it was indicated that according to the law, "... no market agent can apply for awards if the same exceeds 25% of national energy consumption. " If Natural Gas del Atlantico, a subsidiary of AES Corporation, wins in the bidding for 350 MW of thermal energy, "... AES group would have 177 thousand MW in the country or 73% of current demand."
As part of the new conditions to be included in energy procurements, a deposit of 10% of the total investment needed will be required.
After the company Erryl Capital negotiated with AES Panama the cancellation of a contract to supply 80 MW which was awarded in October 2014, the Electricity Transmission Company (ETESA) is going to impose more controls in future contracts, in order to avoid such situations re-occurring. Etesa's manager Ivan Barria told Prensa.com "... 'For the next (tender) we want to be more demanding and involve only those who are prepared to invest'. "
As compensation for having suspended an electricity supply contract using a floating thermoelectric generation plant, the government will pay AES Panama up to $20 million.
The contract was canceled at the request of the Varela government, which pointed to the high costs of supplying electricity. Now, after negotiating with the company AES Panama SA, the government has agreed to pay up to $20 million for ending the contractual relationship early.
The early termination of the contract comes just three months after the company AES Panama began the tests to begin connecting the barge's electrical system .At the request of Egesa, the Varela administration approved the cancellation of the contract, invoking Article 73 of the Public Procurement Law 22, which allows "... the unilateral termination of contract in the public interest."
AES Panama is carrying out tests in order to start connecting the barge thermoelectric generation that is located in Colon, near the Bahia Las Minas substation, to the electrical system.
La Estrella de Mar 1 barge will supply electricity which is roughly equivalent to 5% of the demand in the country.
Leopoldo Perez, director of corporate affairs at AES, told Laestrella.com.pa that "...
AES Panama has presented the government with a proposal to build a power generation plant and a port terminal for transferring the gas.
With an investment which would be around $350 million AES Panama is proposing building a power generation plant based on gas, which would help alleviate the power supply problems affecting the country. The plan also includes the construction of a port terminal for easy transport and storage of gas.
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